Investors Title Company announced record results for Q1 2021, with net income of $13.8 million, or $7.29 per diluted share, compared to a net loss of $7.0 million, or $3.71 per diluted share, for the prior year period. Revenues increased 141.1% to $72.1 million, and net premiums written increased 59.2% to $61.5 million.
Net income was $13.8 million, or $7.29 per diluted share, compared to a net loss of $7.0 million, or $3.71 per diluted share, for the prior year period.
Total revenues increased 141.1% to $72.1 million, compared to $29.9 million in the prior year period.
Net premiums written increased 59.2% to $61.5 million.
Income before income taxes increased $25.8 million to $17.3 million.
The outlook for the real estate market for 2021 is drawing more into focus with expectations of economic growth fueled by federal stimulus, the rollout of the COVID-19 vaccine, and job growth increasing throughout the year.
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